I agree the score isn’t what companies see but generally it’s not a terrible way to see if your report has gotten better or worse. It’s much more manageable for the majority of people than raw data which is hard to decipher.

I hate the whole system anyway. It’s probably one area we should just nationalise (haha) and have one agency with free access to all as at the end of the day it’s all YOUR data. It’s stupid that your future and your chances can potentially rest on one of three private firm’s accounts of your data

Well that’s the point of this thread - whether Monzo not reporting to other agencies might affect your report negatively.

I’d say the point was more to keep your old account open - Even if Monzo reported to all 3, but you closed all your old accounts, it would still be seen as a negative to have such a short amount of time with your open accounts.

I was aware what the point of this thread was - you just decided to pick holes in what I wrote and interpret things I did not say. I never said anything about it being negative to have a bank account, I just observed that my credit score had not decreased as a result of having Monzo.

Wow. Well, a slightly angry response there, but it’s quite your right to do so I suppose…

My response really was… well yes, Noddle will not decrease because Monzo report to them. Which you knew, so I don’t fully understand why it’s surprising/worthy of note that you haven’t seen a decrease - you wouldn’t.

The fact that someone previously has seen a decrease with an agency that Monzo do not report to is the interesting thing and the one we are primarily focusing on in this thread.

Very true. I suppose that would be the same for anyone switching banks to anyone else really so it’s quite normal.

What would be good to know is how normal it is to have no record of a bank account at all (as would be the case for a full Monzo person on 2/3 of the agencies that are searched). Maybe it makes no difference?

While I’m not a huge fan of having your tax ID number attached to your credit report (like your SSN in the US or SIN in Canada), it does stop a lot of problems of mixed up credit reports, finding credit reports of those who’s names have changed etc.

Interestingly the UK is one of the few countries I’m aware of that even reports bank accounts to the main credit reference agencies. In Canada, only overdrafts that have gone into collections are ever reported to your credit report and in the US they have a credit reference agency specifically for bank accounts and bad cheques but again they only report negative information.

I am glad i read this, i was getting worried why experian doesn’t show it., also explains why i couldn’t validate my .gov account with experian against monzo. Have Monzo said when they are reporting to all agencies?

There seem to be two issues here, neither is related to gender or martial status thankfully (that would be a massive equalities issue).

One, the name change. This definitely messes up British credit reports. When I changed my name only Experian managed to pull over closed accounts that were under my birth name. This was by deed poll so the type of name change doesn’t seem to matter.

Two, missing current data. Unless she has no credit cards or anything, bank account should be one of the less important report items. As long as she’s changed her name on them, even old accounts should correctly report. Is there anything about her name that could cause issues? For example, Equifax is missing most of my accounts as I use the gender-neutral title Mx where possible. Equifax doesn’t report accounts with Mx for title.